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The following information was taken from Lazy O Corporation financial statements as of the end of Year 2. Cash $ 10,000 Accounts Receivable 35,000 Inventory

The following information was taken from Lazy O Corporation financial statements as of the end of Year 2. Cash $ 10,000 Accounts Receivable 35,000 Inventory 40,000 Accounts Payable 45,000 Unearned Revenue 25,000 Net sales 420,000 Cost of goods sold 270,000 Lazy O's days in receivable is approximately: Year 1 ending balance = $25,000 Year 1 ending balance = $50,000 Year 1 ending balance = $39,000

Lazy Os days in receivable are?

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